Tibnor plans to adjust cost structure
SSAB’s subsidiary Tibnor plans to adjust operations due to lower demand and profitability. The measures aim at annual costs savings of approximately SEK 150 million and cover all Tibnor business areas and countries with the exception of the Baltic countries. The plan is to implement the measures in the fall of 2023, and this may result in the staff reduction of approximately 175 positions.Tibnor aims to improve the operating efficiency by adjusting the company's cost structure and streamlining the organization. At the same time, the aim is to ensure the conditions to implement the company's